Multiple Choice
Which of the following is true regarding the use of simulation?
A) It is always very easy to build a simulation model.
B) It is very inexpensive to use a simulation model.
C) It always yields optimum solutions.
D) It allows time-compression in testing major policy decisions.
E) Few constraints, if any, have to be considered.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Explain the difference between random numbers and
Q21: Simulation can use any probability distribution that
Q44: Simulation models that are based on the
Q64: A simulation model is designed to arrive
Q69: One effective use of simulation is to
Q83: Sam's hardware store has an order
Q86: Setting up a probability distribution, building a
Q90: Which of the following are advantages to
Q91: One of the advantages of simulation is
Q92: Which of the following is <b>not </b>an